Why Pre-Con Buyers Are Demanding Developers Scrap Their Contracts

In this podcast clip, our guests discuss the recent trend of pre-construction buyers in Brampton, Ontario wanting developers to scrap their contracts as the value of their unit has depreciated before practical completion. They emphasise the importance of buyers being aware of the risks involved in pre-construction purchases and that signing a contract should come with the expectation that it will be upheld. We provide valuable insights on navigating the pre-construction market and protecting your investment.

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ABOUT MATT:

Matthew Ablakan's journey began at a very young age where trading Pokémon cards began to teach him a variety of skills such as how to Negotiate and the importance of Demand and Supply. As he entered High School, Matthew began to sell Jansport Backpacks, Hair Straighteners and Dog-Tags to his peers. He began to dabble into Mutual Funds on a small scale and began learning more about Investing. Upon entering University, Matthew worked part-time jobs as a cook, waiter and manager of a couple of restaurants in order to help pay for his tuition. Chuck E Cheese, Johnny Rockets and Lucky Strikes taught Matthew many valuable lessons in communication, hard-work, honesty and transparency. It was in those early years that Matthew began to learn more about Real Estate and Invested in his first Pre-Construction Condo at the age of 19 with zero help from his immigrant parents, using a flexible deposit payment plan and part of his student loan. Matthew is the Founder & Owner of the Millennial’s Choice Group of Companies; a Real Estate, Mortgages and Education brand. To better benefit his clients, Matthew has earned numerous degrees including, a Bachelors in Education, a Honourary Degree in Law & Society, a Real Estate Brokers License & a Mortgage Brokers License. Matthew’s track record exudes his professionalism, experience, & most important, his persistent care for each and every one of his clients.

With the growth and success of Millennial’s Choice, Matthew continues to pursue his ongoing commitment to education, now educating Canadians through the Financial Freedom Club, while also coming up with creative ways & ideas to shape the Real Estate & Mortgage industries. Matthew contributes part of his success to his parents who fled the reigns of Communism in the 80s to seek a better life.

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